Bill > SB190

This bill introduces a property tax credit program for South Dakota property owners who incur educational expenses for children attending nonpublic schools or receiving alternative instruction. Property owners can receive a tax credit of up to 80% of their school district taxes, with the total credit for any individual child limited to 80% of the current year's per-student equivalent in the state education aid formula. Eligible expenses include tuition, fees for sports and fine arts programs, textbooks, instructional materials, educational therapies, test registration fees, transportation services, and technological devices necessary for educational pursuits. To claim the credit, property owners must submit an application to the county director of equalization before January 1st, providing detailed information about the child's school enrollment and a verified list of incurred educational expenses. The application must be signed under penalty of perjury and include documentation substantiating each expense. The property tax bill will reflect any credits received, and the Department of Revenue will establish rules for processing these tax credit requests. This bill aims to provide financial support for families choosing nontraditional educational options by offering a property tax reduction based on educational expenses.

Education

https://sdlegislature.gov/#/Session/Bill/26123